A borrower with an excellent credit history would be most likely to receive credit with
A)higher credit limits.
B)lower interest rates.
C)variable interest rates.
D)both higher credit limits and lower interest rates.

Question

Quizplus · Accepted Answer

A borrower with an excellent credit history is considered low risk by lenders. Therefore, they are likely to receive a higher credit limit and lower interest rates as they are perceived as more likely to repay their debts.

A Borrower with an Excellent Credit History Would Be Most